In a report released yesterday, Jiong Shao from Barclays maintained a Buy rating on Coupang (CPNG – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $16.39.
Shao covers the Consumer Cyclical sector, focusing on stocks such as Alibaba, Trip.com Group Ltd. Sponsored ADR, and JD. According to TipRanks, Shao has an average return of 1.8% and a 42.34% success rate on recommended stocks.
Coupang has an analyst consensus of Moderate Buy, with a price target consensus of $20.10.
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Based on Coupang’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.18 billion and a net profit of $91.3 million. In comparison, last year the company earned a revenue of $5.1 billion and had a net profit of $90.68 million
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPNG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Coupang (CPNG) Company Description:
Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products.
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